• According to the top officials of Assocation of Indian Forging Industry (AIFI), the Centre’s renewed focus on electric vehicles (EVs) is a key issue that could impact the future of the Indian forging industry.

• “EVs are likely to hamper the growth of the forging industry which has been witnessing growth in the recent past,” said AIFI president.

• He said the industry needed a clear road map to provide a level playing field.

• Pointing out that the forging industry would get a clear picture by early 2020 or 2022.

• He said EVs were going to be the biggest threat to the industry as 60% of forging units are involved in the manufacture of auto components and that a majority are engaged in applications related to engine transmission. 

• As a result, 40%-­50% of demand for forged auto components would decline, resulting in job losses and a shutting down of units.

• India is the third largest manufacturer of forging globally, after China and the EU.

• Currently, it is facing challenges arising out of rising steel and oil prices, a demand­supply gap and technology upgradation.

The Hindu